VAU - Vault Minerals
- Thread starter Uncle Festivus
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Bought back in today @ $1.225. Only guessing but i'd say production ore rate has been slowed down due to the slow process of the removal of silt. Management basically said this from thier last quarterly report and if thats the reason for the sell offs it was to be expected. Oversold imo and should correct....just hope it isn't any other issues.
tech/a
No Ordinary Duck
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Bought back in today @ $1.225. Only guessing but i'd say production ore rate has been slowed down due to the slow process of the removal of silt. Management basically said this from thier last quarterly report and if thats the reason for the sell offs it was to be expected. Oversold imo and should correct....just hope it isn't any other issues.
Excellent.
Some clear thinking
Ill relax now.
3. Is there any other explanation that the Company may have for the price change in the securities of the Company?
The Company is not aware of any reason for the change in price of the Company’s securities. However, in response to queries raised by shareholders, we confirm that as outlined in the June 2012 quarterly activities report, an estimated 140,000 cubic metres of silt accumulated at the pit floor has continued to be removed during the current quarter. The majority of the silt has now been removed, the floor of the pit is being exposed and the plant is operating, although not on a continuous basis at this point. The current cash position of the Company is $6 million (unaudited) and the US$8 million working capital standby facility remains undrawn.
As i was saying duckman the silt still remains the main concerns. By the way REDs still in the Phillippines.
tech/a
No Ordinary Duck
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You know it never ceases to amaze me how the human species has to attach a reason to why and how things happen.
This was known in June yet takes till late September to be flipped up as "The reason".
The only thing you have to know is how to read supply to be profitable.
Pretty simple when your a duck.
The Phillipines---yes I flew over it once.
This was known in June yet takes till late September to be flipped up as "The reason".
The only thing you have to know is how to read supply to be profitable.
Pretty simple when your a duck.
The Phillipines---yes I flew over it once.
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hum still think it is worth a bet, I am in again at 1.22 and see if I can get a quick gain: just need some bad news, ->gold price rises and you can do a 20% gain; but stop loss ready and definitively not a long term investpor with red: have been burnt before
I wouldn't say flipped up. People forget!!!
Traders forgot what RED was back in June and just followed the charts up over the months.
Nothing has changed with REDs announcement to it's response to ASX from it's last quarter.
RED will struggle to make headway and will continue to UNTIL the silt is removed... better ore mined and full production is in place. But is a RED bad buy? IMO No.
I'm sure you would have flown over the Cuckoos nest as well.
tech/a
No Ordinary Duck
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If you like punting then fine punt.
You can only be wrong. No big deal.
Yeh flown over one of those
and flown off the handle,into a rage
and the coup.
Ive heard all the wise Quacks.
You can only be wrong. No big deal.
Yeh flown over one of those
and flown off the handle,into a rage
and the coup.
Ive heard all the wise Quacks.
I agree nothing has changed just a few nervios nellies.
On 6th August Red Low $1.16
On 27th August RED low $1.57
Lets see what happens from Now till FEB next year thats when we will see the real value of RED in production IMO.
I suppose it's irrelevant to the thread but you can only be wrong too.... Dont you also punt on your analyst of the charts trying to predict where it's going? Or is it more a case of risk management for you in controlling your punting?
I may have bought in too soon by not waiting for a signal to re-enter but the only gamble imo with RED is if there is a unforeseen problem other than the silt issue.
Happy flying
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Would not have bet on that action today!
I thought it would be lucky to see 1.35 again.
Interesting to see what it does tomorrow if no announcements come as a result of speeding.
Canary in the gold mine?
I thought it would be lucky to see 1.35 again.
Interesting to see what it does tomorrow if no announcements come as a result of speeding.
Canary in the gold mine?
Had an e-mail to verify that an announcement will be due out in a few days. I would say a buying opportunity at it's present price but that's only my opinion. Do your own research.
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Careful... thats thin ice.
1 - company sent u an email reply saying news will be out shortly with no indication of what it is.
Thats just plain risky buying into an obvious bigger and probably better informed seller.
2 - company sent u an email reply saying news will be out shortly and hinted at what this will be about.
You are then quite possibly in possession of inside information and have gotten into a very uncomfortable position.
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Hmmm, no announcement to the market and the company management are leaking news, ASIC would be interested in this little gem
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Hmmm, no announcement to the market and the company management are leaking news, ASIC would be interested in this little gem
Who's to say the company sent them this email? Could have been from another source, though one would jump straight to the assumption that it was indeed someone from the company. If it was, then oh boy, that'll be interesting...
E-mail response
We are not aware of any reason why the share price has dropped so much over the last 2 days and
we plan to have a general update to the market within the next few days.
Regards,
Lol Not exactly what i'd call inside trading.
Well its out NOW >>>SO you can all read it.